The AEC seeks to strengthen ties between Austrian and American thinkers through its partner organization, “Friends of the Austrian Economics Center (FAEC).” Registered as a 501(c)(3) organization, Friends of the Austrian Economics Center allows U.S. donors to make tax-deductible contributions to help fund the AEC’s future projects.
The Friends of the Austrian Economics Center supports economic policies and perspectives aiming at the establishment of a free, responsible and prosperous society, as well as improving public understanding of key economic questions and promoting a free market economy.
FAEC is committed to the Austrian School of Economics: it seeks not only to make the main ideas of the Austrian School’s economists and philosophers more competitive, but also to earn them the historical recognition and prestige already accorded to Austria’s world-famous musicians, philosophers, and scientists. FAEC’s main duty therefore is to further the Austrian School’s position in society and in the world.
When Hayek and Mises moved to the United States, they brought with them a great intellectual tradition that would influence a new generation of American scholars. Today, places like Auburn University, George Mason University, New York University, Walsh College, Hillsdale College, and San Jose State University all offer advanced degrees in economics that concentrate on the Austrian School. Ideas are the most important element in the process of producing social change. For the last century, the idea that government should manage the economy has changed western countries from cultures of freedom and responsibility to cultures of servitude and dependence. As a result, these countries now face sky-rocketing debt, stagnating growth, and increasing regulation of economic and individual freedom.
Unfortunately, many people are calling for expanded government powers to solve the problems that governments themselves have created. Spreading the ideas of liberty is the only way to reverse this destructive trend. Through grass-roots education, publications, and the building of networks, the FAEC plays a vital role in fulfilling this mission.
President: Chris Talley
Secretary: Terry Anker
Board Members: Terry Kibbe, Shari Williams, John Chisholm